If anything, the news that satellite operator DISH Network will accept bitcoin is positive publicity for the virtual currency.
Bitcoin could solve key issues in the region's financial system and bring resources to the underbanked.
Venture capital raised by bitcoin startups in 2014 has already surpassed last year's figure by over $27m.
The newly released academic paper found evidence that the bitcoin market is maturing and building fundamentals.
While the company's update regarding the use of virtual currencies is intriguing, it doesn't necessarily mean acceptance.
Citi suggests that digital currencies may challenge debit and credit card companies if adoption grows.
Using software to automate trading is a long-established activity – and it can be applied to cryptocurrency too.
MultiBit is one of the most popular bitcoin wallets, but will people be willing to pay for its use?
New and large merchants' announcements to accept bitcoin moves it closer to a mainstream monetary transition.
Bitcoin needs an institution-based auditing strategy that does more than simply check exchange funds.